US$3.2 million contract award

Synectics PLC

09 September 2024

 

9 September 2024

Synectics plc

("Synectics" or the "Company")

US$3.2 million contract award

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces that it has been awarded a further contract, worth approximately US$3.2 million, relating to the upgrade and expansion of the surveillance system at a major gaming resort in South-East Asia (the "Customer").

This Contract is in addition to the US$10m contract award announced on 18 June 2024 (together, the "Contracts").

The Customer has been using Synergy, the Company's proprietary software platform, since 2014 and the Contracts will expand and upgrade the Customer's existing system to the latest version of Synergy.

The Contract is expected to be delivered in the year ending 30 November 2025.

Amanda Larnder, Interim Chief Executive Officer and Chief Financial Officer, commented:

"The award of these contracts is a testament to the expertise of the Synectics team and our industry-leading software. We have been working with this customer for many years and we are delighted that they have committed to this upgrade and expansion programme with us."

For further information, please contact:

Synectics plc Amanda Larnder, Interim CEO and CFO Claire Stewart, Company Secretary [e-mail]	Tel: [phone]
Shore Capital Tom Griffiths / David Coaten / Rachel Goldstein Fiona Conroy - Corporate Broking	Tel: [phone]
Vigo Consulting Jeremy Garcia / Fiona Hetherington / Peter Jacob [e-mail]	Tel: [phone]

About Synectics plc

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.

The Company's expertise is in providing solutions for specific markets where security and surveillance are critical to operations. These include gaming, oil and gas, public space, transportation, and critical infrastructure.

Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the Company a stand out in its field.

Find out more at www.synecticsplc.com

 

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